Indorama Strengthens Investment in Renewable Feedstocks

At least a quarter of the company's raw materials will be sourced by 2030, Alok Rohia, founder and CEO of Thailand's Indorama, said at the International Petrochemical Conference of U.S. fuel and petrochemical manufacturers in San Antonio. Recycling or renewable resources. To this end, Indorama plans to invest $9 billion by 2030, including $640 million in decarbonization projects and $8.4 billion in projects to expand recycling PET resin and biomass.

Indorama has expanded its purified terephthalic acid (PTA) and ethylene oxide (EO) integration business in recent years through the acquisition of BP's Decatur, Alabama plant, and the acquisition of Old World's ethylene oxide/ethylene glycol business and Huntsman's intermediates business. He said the company's acquisition of surfactant maker Oxiteno will close soon.

Rohia established Indorama Holdings in 1994 as a worsted wool yarn manufacturer and has grown to become the world's largest polyethylene terephthalate (PET) manufacturer and Thailand's largest polyester Fiber manufacturer and a major global integrated producer of oxygenates and derivatives. Indorama currently operates at 124 production sites in 33 countries. The company's 2021 operating income is $14.6 billion.